₹1,500-crore allocation to digital payments set to spawn new-age fintech start-ups
February 01, 2021
Will lead to large-scale adoption, say players
Finance Minister Nirmala Sitharaman’s Budget announcement of ₹1,500-crore allocation to boost digital payments in the country is set to spawn a large number of new-age fintech start-ups in the country.
“The allocation of ₹1,500 crore is a very big amount. More importantly, it signifies the government’s intent of removing cash and introducing digital payments by favourably backing fintech start-ups that can help solve the huge cost of handling cash and the risks associated with it,” Harshvardhan Lunia, co-founder and MD, Lendingkart Technologies, told